The global airport stands equipment market was valued at $1,096 million
in 2016, and is projected to reach at $1,547 million by 2023, growing at
a CAGR of 5.20% from 2017 to 2023.

Continuous rise in global freight and passenger traffic, modernization
of airports, and high demand of new aircrafts drive the growth of the
global airport stands equipment market. However, long shelf life of
airport stand equipment and dearth of skilled workforce hampers the
market growth.

Based on type, the boarding bridges segment led the airport stands
equipment market in 2016, and is projected to maintain its dominance in
the future. However, the preconditioned air unit segment is expected to
witness the highest growth, owing to its increased adoption due to
different initiatives taken by countries to reduce the carbon emission
of aircraft on the ground.

North America generated the highest revenue in 2016; however,
Asia-Pacific segment is anticipated to witness the fastest growth during
the forecast period.